Entrepreneurship

Entrepreneurship refers to the process of designing, establishing and managing a business.

Characteristics
Arguments in favor of Arguments opposing
The entrepreneur can manage his/her own business.
Entrepreneurship can bring along an increased sense of freedom and independence. Entrepreneurship can be overwhelming and with many surprises.
It helps to create new businesses.
New enterprises tend to be more innovative and help to drive economic growth. New enterprises may be inefficient and have higher risk of failure.

Competing Views...

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Steve Jobs: "I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.", The Computerworld Smithsonian Awards Program Oral History Interview, 20 April 1995, [URL]
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